Thermo Fisher Scientific Welfare Benefit Trust (EIN 256412267) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

THE BANK OF NEW YORK MELLON

Phone

4122342242

Tax Period

2023-01-01 to 2023-12-31

Thermo Fisher Scientific Welfare Benefit Trust, founded in 1993, is a small nonprofit in the Mutual Benefit sector that reported $566K in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum. Net assets of $12.1M represent 256 months of operating reserves.

Mission

BENEFIT TRUST FOR RETIREES AND THEIR DEPENDENTS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $557,790

Other Revenue $7,889

TOTAL REVENUE $565,679

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,405

Fundraising Expenses $0

Program Expenses $0

Other Expenses $533,817

TOTAL EXPENSES $581,222

Year-over-Year Comparison

	2023	2022	Change
Revenue	$565,679	$402,979	+0.4%
Expenses	$581,222	$242,545	+1.4%
Net Income	$-15,543	$160,434	-1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THE BANK OF NEW YORK MELLON	TRUSTEE (See Schedule O)	0.0		$47,405	$0	$47,405

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$565,679	$581,222	$12,077,352	$-15,543
2022	$402,979	$242,545	$10,880,605	$160,434
2021	$770,804	$259,527	$13,296,709	$511,277
2020	$587,619	$81,248	$12,179,070	$506,371
2019	$298,657	$94,537	$10,660,220	$204,120
2018	$383,251	$133,776	$8,922,565	$249,475

Thermo Fisher Scientific Welfare Benefit Trust